DXY has broken out of major descending resistance. Price could potentially rally from our breakout level at 90.08 towards our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension).

RSI (89) is also approaching our major descending resistance line and a breakout of this level might provide bullish confirmation of a potential rise in price.

Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.

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